IDBI Bank has informed that the Board of Directors of the Bank at its meeting held on March 22, 2016, has approved in-principle the Rupee Bond issuance limit of Rs 20,000 crore to be borrowed in one or more tranches comprising of Senior / Infrastructure Bonds, Basel III compliant Tier II / Additional Tier I Bonds by way of private placement / public issue during FY 2016-17 or during one year from the date of passing of the special resolution by shareholders at the ensuing AGM of the Bank, whichever is later.
The above information is a part of company’s filings submitted to BSE.
